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The statements in this article are based on reliable sources and are repeated at the end of this article
In July 2024, a piece of news that shocked the financial circle swept social media. A young and beautiful financial elite beauty in Shanghai suddenly chose to cut herself off when she was in a good youth, which caused a lot of heated discussions among netizens. [Dog's Head]
And the death of this beauty made many netizens sigh that the identity of this beauty is very envious of many netizens. This beauty is a senior talent in a financial company, with a high degree and a beautiful person, and a lot of money, which is a proper life winner script. Why did you jump off the building all of a sudden?
However, when everyone learned what happened to her, they learned that she had experienced a series of blows such as salary cuts and plummeting housing prices, and finally had the idea of suicide. This embarrassing event not only provokes people to think deeply about the current situation of society, but also reflects the grim global economic situation in 2024.
In this economic cold wave that has swept the world, many industries have been affected to varying degrees. Several of these industries have fallen to the bottom, becoming the most dismal industry in 2024. They have either laid off workers on a large scale or cut wages sharply, leaving countless migrant workers in a difficult situation.
01
Entered the factory to work
Speaking of Made in China, I believe many people will be familiar with it. From groceries to high-tech products, made-in-China labels are almost everywhere. For many years, manufacturing has been the backbone of China's economy and the main force in attracting employment.
For many young people with low educational qualifications, "working in a factory" is often the first step for them to step into society. Although the work is boring and heavy, as long as you are willing to put in the time and sweat, you can also get a good income, and this industry has also been relied on by countless people.
However, with the rapid development of artificial intelligence and automation technology, the manufacturing industry is experiencing an unprecedented revolution. More and more factories are starting to introduce intelligent robots to replace manual operations. These tireless "steelworkers" are not only more efficient and more accurate, but also do not require wages and benefits, which greatly reduces the operating costs of enterprises.
In the economic winter of 2024, this change has been pressed the fast-forward button. It is reported that a number of cities in the south of the mainland where manufacturing is concentrated have seen a large-scale wave of factory closures. Those factories that survived also began to lay off workers.
Once upon a time, these factories were crowded with people and machines roaring. Today, it is a depression and desertion. Young people who have worked hard here have to face the dilemma of unemployment. Even more worrying is the fact that many couples work in the same factory or in the same industry. Once both lose their jobs, the livelihood of the entire family will be in jeopardy.
For those of you who are still working in the manufacturing industry, 2024 is now halfway through, and if you haven't been laid off yet, you're in luck. But don't be complacent, but plan ahead and improve your skills to prepare for the risks that may lie ahead.
If you've lost your job, don't be discouraged. This is a general trend in the industry as a whole, not a personal problem for you. I hope you will be able to adjust your mindset as soon as possible and find a new direction for development.
02
real estate
Once upon a time, the real estate industry was hailed as one of the most lucrative industries of the 21st century. Whether it is a developer, an agent or a salesman, they all make a lot of money in this industry. Do you remember those sales champions who often have an annual salary of tens of millions? At that time, the real estate industry was like a myth of wealth creation.
However, this myth will be completely shattered in 2024, and with the continuous tightening of national regulatory policies and the increasing downward pressure on the economy, the real estate market has ushered in an unprecedented winter. From first-tier cities to third- and fourth-tier cities, housing prices have generally fallen off a cliff.
The situation has dealt a devastating blow to the real estate industry, with sales plummeting, commission income plummeting and layoffs pouring in. The once lively sales office is now full of doors. Even if someone comes to see the house, they are shopping around and calculating the price.
What's even more poignant is that many buyers who just need to buy a house have chosen extreme ways because of the excessive pressure on their mortgages. Some of them have bought a house with everything they have, only to have their housing prices plummet, and they have lost all their money. Some people are desperate because they can't afford to pay their mortgage. These tragedies are not only personal misfortunes, but also reflect the plight of the entire industry.
03
Financial industry
In the eyes of many people, the financial industry has always been synonymous with high salaries and decency. The financial elites shuttling between the high-rise buildings, dressed in suits and leather shoes, behaved elegantly, like walking RMB. In particular, the banking industry is regarded as a "golden job bowl", and every year, countless high-achieving students want to squeeze into this industry.
However, the financial industry in 2024 has taught people a cruel reality lesson. The first is the wave of layoffs. With the development of financial technology, many traditional financial services can be completed online. A large number of bank branches have been closed, and teller positions have been drastically reduced. Those who survive are assigned to sales positions and spend their days trying to meet performance targets.
The second is the decline in wages, and the profit margins of financial institutions have been greatly compressed in the context of the economic downturn. The financial elite, who used to have an annual salary of millions at every turn, now has to face the dilemma of salary cuts. Some people's incomes have even been cut in half, and their quality of life has dropped significantly.
What is even more alarming is that the pressure on the financial industry is increasing day by day, and strict assessment indicators have been set for both deposit business, loan business and wealth management business. Many financial practitioners have to rack their brains to pull relationships, find customers, and even harass relatives and friends to complete tasks. At the end of each month and the end of the quarter, it is like a year.
This high-pressure environment has led to a wave of resignations in the financial industry, with more and more people choosing to abandon this once enviable "golden job" in search of easier and more stable jobs.
In 2024, these once-glorious industries have faced unprecedented challenges. However, we need to see that every crisis is an opportunity to shuffle and restructure. Those enterprises and individuals who can keep pace with the times and continue to innovate will eventually gain a firm foothold in this storm and usher in new opportunities.
For young people who are still choosing a career direction, don't be fooled by the short-term ups and downs of the industry. The most important thing in choosing a career is not to look at which industry is the most profitable, but to find your interests and talents. Only by doing what you are passionate about can you maintain passion and creativity in your long career.
After the pains of 2024, these industries will definitely be able to thrive again. Because as long as human society exists, manufacturing, real estate, finance, and retail will never disappear. They will only continue to play an indispensable role in the new era with a new look.
Resources
[1] Shangguan News - 2024.04.02 "This industry welcomes the "cold spring"! Semi-shutdown of factories has become the norm, and "bosses want to find a stable class"
[2] The Paper - 2023.08.28 "More than 450 times of regulation in half a year, the market is still weak, what is the crux of real estate"
[3] Dahe News - 2024.07.25 "Why has finance become a "shameful" industry due to the plummeting admission scores? 》